22/07/2013 6:30 GMT
After elections in Japan and victory of Abe’s political party there was some sell-off on Yen – and it was probably profit-taking.
Same situation was on EUR/JPY, price bounce from Kijun line and gave buy signal. Bullish trend is very clear, so it’s opportunity to add to existing longs or open new one.
Target is ar least on last maximum from D1 so over 200 pips. Stop loss when H4 candle will close below Kijun.